AVDX News and Press, AvidXchange Holdings Inc. From 05/03/23

2023-05-03 06:44:34 ET AvidXchange press release ( NASDAQ: AVDX ): Q1 GAAP EPS of -$0.08 beats by $0.02 . Revenue of $86.8M (+21.9% Y/Y) beats by $4.04M . The company raised FY2023 revenue outlook to $363M to $368M from prior view of $359M to $366M vs . consens...

--First quarter 2023 year-over-year financial results swing to adjusted EBITDA profit on higher revenue growth, payment monetization, operational efficiencies and expense leverage --Raising 2023 business outlook on first quarter 2023 financial outperformance --2023 Investor Day registra...

CHARLOTTE, N.C., April 17, 2023 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that its first quarter 2023 ended March 31, 2023, ...

2023-04-01 04:50:10 ET Summary AVDX's lackluster performance since the release of 4Q22 earnings is likely due to slowing B2B spending among AVDX's customer base. AVDX's FY23 outlook implies core revenue growth of around 12% at the midpoint, which is below management's medium-term ...

FINANCIAL TECHNOLOGY PARTNERS FORMALLY LAUNCHES THE ONLY PURE FINTECH EQUITY RESEARCH PLATFORM - WITH INITIAL COVERAGE OF 25 PUBLIC FINTECH COMPANIES PR Newswire LAUNCH COVERAGE: ENXTAM:ADYEN, NASDAQ:AFRM, NYSE:AXP, NASDAQ:AVDX, NYSE:BILL, NYSE:SQ, NASDAQ:COIN, NASDAQ:EXFY, NA...

2023-03-17 07:40:23 ET Summary Lone Pine Capital’s 13F portfolio value decreased marginally from $10.61B to $10.48B this quarter. They added Advanced Micro Devices and Moderna while dropping Autodesk, PayPal Holdings, Meta Platforms, and EQT Corp. They also increased Micros...

CHARLOTTE, N.C., March 08, 2023 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that members of the management team will participa...

CHARLOTTE, N.C., March 07, 2023 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced its referral partnership with KeyStone by Corelati...

2023-03-06 05:47:00 ET Summary Both AvidXchange top line and bottom line for Q4 2022 exceeded expectations thanks to higher-than-expected float revenue and better-than-expected cost management. AVDX expects to be EBITDA-positive for full-year 2023, which is a year earlier than its...

AvidXchange Holdings, Inc. (AVDX) Q4 2022 Earnings Conference Call March 01, 2023 10:00 AM ET Company Participants Mike Praeger - Co-Founder & Chief Executive Officer Joel Wilhite - Chief Financial Officer Conference Call Participants Dave Koning - Baird ...